Topic

German cabinet cuts fuel tax

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The German federal cabinet approved a temporary cut to the energy tax on petrol and diesel starting Oct. 1, though reports conflicted on size (14 vs. 17¢) and duration.

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Good explanatory thread how diesel supply chains for New England work. A lot of people use it to heat their homes, their costs will go up a lot this winter, export controls could make this worse. It will hit lower-income households especially hard.
1/n: Because of record-breaking diesel prices, the Trump Admin is reportedly considering a diesel export ban. There is one part of the country that this would squeeze tremendously, risking physical shortages that would prevent people from heating their homes in winter: New England (PADD 1A).
September 22, 2026 at 8:21 PM
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Gasoline, diesel prices up 3.7% and 3.9%, week/week
econbrowser.com/archives/202...
September 22, 2026 at 4:19 PM
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1/n: Because of record-breaking diesel prices, the Trump Admin is reportedly considering a diesel export ban. There is one part of the country that this would squeeze tremendously, risking physical shortages that would prevent people from heating their homes in winter: New England (PADD 1A).
September 22, 2026 at 6:27 PM
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Marco Rubio claims that if it wasn't for Trump, diesel prices would be $18 a gallon 🙃
September 22, 2026 at 12:08 PM
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It would lower diesel prices in the US at least temporarily but almost certainly cause retaliatory export bans of other stuff into the US
September 22, 2026 at 6:03 PM
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The claim seems to be that "February 2026 Trump" had caused $18-per-gallon diesel and fortunately, thanks to "Present Day Trump," we have only $10-per-gallon diesel.

Even if we accepted the claim about Present Day Trump as true, you can see why that's completely unsatisfying, right?
Marco Rubio claims that if it wasn't for Trump, diesel prices would be $18 a gallon 🙃
September 22, 2026 at 1:00 PM
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Spectacular keynote by @moritzdrupp.bsky.social at the CBC conference @cbc-conference.bsky.social biodiversity and it's increasing relative value imply carbon should be taxed more than twice as much (and certainly not subsidized as the German government intends to do!)
September 22, 2026 at 8:32 AM
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